Hi Guys,
I'm curious to know if there is a cost of living crisis in your country and if you are feeling the effects of rising goods and services.
I'm Australian, and the inflation rate in 2023 was over 4%.
I have noticed significant increases for everyday essentials like food, petrol and utilities.
The cost of petrol is around $2.10AUD per litre, which is insane.
Let's hope things improve in the near future because the current state of things is unsustainable.
In my country Bangladesh, the prices of goods are constantly increasing day by day, as a result of which the standard of living has become so poor that the common people are struggling to live a good life. I have beef at $8 per kg, rice at 60 cents per kg, sugar at $1.2 per kg. Potatoes at 70 cents per kg. It has become difficult for common people like me to support the family with low income money. If this continues, we will have to face a major disaster in the distant future.
The way inflation is happening in Bangladesh, it seems that in the near future the people of Bangladesh will fall into famine and even the lower middle class people will die without food. Because the prices of foodstuff, clothes and other things are increasing in this country which is a threat to the middle class and lower middle class people.
I am giving an example of the price of common edible oil in Bangladesh, currently the price of soybean oil in this country is Tk 200 per liter i.e. two dollars but earlier it was only Tk 100 per liter. Which has almost doubled compared to the previous price. Not only this product, there are many other products which are necessary for our life and their prices have almost doubled. Even though the price of goods has doubled, people's income has not been opened and even their income has not doubled. Prices of gas, oil, rice and pulses have increased. All in all, the cost of living in our country has almost doubled.